Hsbc Holdings PLC increased its position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 698,657 shares of the financial services provider’s stock after buying an additional 3,721 shares during the quarter. Hsbc Holdings PLC’s holdings in CBRE Group were worth $112,483,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC grew its holdings in shares of CBRE Group by 1.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,408 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 59 shares in the last quarter. Community Bank & Trust Waco Texas raised its stake in shares of CBRE Group by 0.5% in the fourth quarter. Community Bank & Trust Waco Texas now owns 14,693 shares of the financial services provider’s stock valued at $2,362,000 after purchasing an additional 70 shares in the last quarter. Centersquare Investment Management LLC raised its stake in shares of CBRE Group by 0.7% in the fourth quarter. Centersquare Investment Management LLC now owns 10,470 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 70 shares in the last quarter. Parallel Advisors LLC lifted its position in CBRE Group by 1.9% in the third quarter. Parallel Advisors LLC now owns 3,773 shares of the financial services provider’s stock worth $594,000 after purchasing an additional 71 shares during the period. Finally, Catalyst Capital Advisors LLC lifted its position in CBRE Group by 16.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 505 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.
Insider Buying and Selling
In other news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.
CBRE Group Price Performance
CBRE Group (NYSE:CBRE – Get Free Report) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. CBRE Group’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, equities analysts anticipate that CBRE Group, Inc. will post 7.65 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CBRE. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. UBS Group reissued a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Evercore set a $169.00 price target on shares of CBRE Group in a research report on Tuesday. Barclays lifted their price objective on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $178.86.
Check Out Our Latest Report on CBRE Group
CBRE Group Profile
CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.
In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.
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